Mogo Finance Technology Inc (NASDAQ:MOGO) Expected to Post Quarterly Sales of $12.85 Million

Wall Street brokerages predict that Mogo Finance Technology Inc (NASDAQ:MOGO) will report $12.85 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Mogo Finance Technology’s earnings, with the highest sales estimate coming in at $12.91 million and the lowest estimate coming in at $12.79 million. Mogo Finance Technology reported sales of $11.95 million during the same quarter last year, which indicates a positive year-over-year growth rate of 7.5%. The company is scheduled to report its next earnings results on Wednesday, August 14th.

On average, analysts expect that Mogo Finance Technology will report full-year sales of $52.82 million for the current fiscal year, with estimates ranging from $52.48 million to $53.15 million. For the next financial year, analysts expect that the company will report sales of $71.64 million, with estimates ranging from $70.59 million to $72.68 million. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Mogo Finance Technology.

Mogo Finance Technology (NASDAQ:MOGO) last released its earnings results on Tuesday, May 14th. The company reported ($0.15) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.02. The firm had revenue of $12.59 million for the quarter, compared to the consensus estimate of $12.48 million.

Separately, ValuEngine cut Wave Life Sciences from a “buy” rating to a “hold” rating in a research report on Tuesday, April 16th.

NASDAQ MOGO traded down $0.09 on Tuesday, reaching $3.21. The company had a trading volume of 211 shares, compared to its average volume of 10,777. The company has a 50 day moving average of $3.52. The company has a market capitalization of $90.02 million, a PE ratio of -4.65 and a beta of 1.76. Mogo Finance Technology has a 52 week low of $1.98 and a 52 week high of $4.05.

A hedge fund recently bought a new stake in Mogo Finance Technology stock. Two Sigma Investments LP acquired a new stake in shares of Mogo Finance Technology Inc (NASDAQ:MOGO) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 50,810 shares of the company’s stock, valued at approximately $118,000. Two Sigma Investments LP owned approximately 0.22% of Mogo Finance Technology as of its most recent SEC filing. 4.98% of the stock is owned by institutional investors and hedge funds.

About Mogo Finance Technology

Mogo Finance Technology Inc operates as a financial technology company in Canada. The company offers solutions that help consumers to manage and control their finances. It offers free credit score monitoring; MogoProtect, an identity fraud protection solution; MogoCard, a Mogo Visa Platinum Prepaid Card; MogoMortgage, a digital mortgage solution; MogoCrypto account; and MogoMoney that enables the buying and selling of bitcoin, as well as access to consumer credit products.

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Earnings History and Estimates for Mogo Finance Technology (NASDAQ:MOGO)

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